Cost Accounting and Cost Management in Oil Refineries

Start Date: 2023-08-21 End Date: 2023-08-25

Scheduled Dates:

    21-25 August 2023

    4-8 December 2023

Venue:                     Windhoek, Namibia

Duration:                 5 days

Course Fee:            USD 1850.00

Course Description

Managing costs effectively is essential in the Oil Refinery sector in order to preserve profits, sustainability and market share. Cost Management is one of the most effective and essential tools for planning and monitoring organizational activities, as well as supporting future strategic decisions. CM provides solutions to the strategic issues currently facing major international Oil Refineries, enabling participants to, effectively manage existing projects and recommend sustainable growth strategies in an efficient and cost effective manner.

The Aims of the Course

The course aims to:

• Knowledge and skills to create cost structures for refinery process units and assist in allocating costs to individual refinery intermediates and finished on-specification products.
• Enhanced competency in making a more effective contribution to strategic and operational planning.

Course Objectives

By the end of this training, delegates should be able to:

• Determine the Costs associated with individual departments
• Assess and manage costs / price volatility
• Use the very latest costing methods
• Analyse cost & price volatility to enable better decisions
• Control costs effectively

Target Group

• Refining Oil & Gas Field Engineers
• Process Plant Energy Managers / Coordinators
• All Professionals involved in Production, Planning and Scheduling
• Blending Professionals
• Financial Analysts